Refinancing and Renewing
Les Services d'orientation en matière d'hypotèques et d'immobilier Sears sont présentement disponibles en anglais seulement.
If you are considering renewing or refinancing your existing mortgage, an Accredited Mortgage Professional‡ can help you find a new mortgage that meets your current needs from a wide range of available mortgage products. And just as with a new home mortgage, there are no charges on approved credit, and you can earn $200†in Sears rewards*, plus an additional $300 in Sears Savings Coupons** just for getting your mortgage through Sears.
Refinancing
There are a number of reasons you may be considering refinancing your existing mortgage, even if the term of your current mortgage isn’t coming to an end.
- Using the equity in your home to finance a renovation or to consolidate higher interest debt
- Taking advantage of lower interest rates if, for example, you have a fixed rate mortgage with a higher interest rate than those currently available
- Changing the terms of your mortgage agreement, such as payments, rates or amortization
There may be penalties associated with refinancing your existing mortgage before the term is up, but depending on how close you are to the end of your current term and what your new rate is, the benefit of refinancing may outweigh the value of the penalty amount. An Accredited Mortgage Professional can help determine what makes the most sense for you.
Renewing
If your current mortgage term is up soon, your current lender will likely give you the opportunity to renew with them, but there’s no reason not to shop around. An Accredited Mortgage Professional‡ can help ensure you get the best rate and terms for you – plus the added value of $200† in Sears rewards*, plus an additional $300 in Sears Savings Coupons** when you select a mortgage through Sears!
talk to an accredited mortgage professional
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Les Services d'orientation en matière d'hypotèques et d'immobilier Sears sont présentement disponibles en anglais seulement.
Sears Financial Mortgage Referral Services are currently available in Ontario only.
‡Mortgages arranged by Mortgage Alliance. Broker license #10530
†Mortgage rewards are based on average mortgage of $238.0K and calculated as up to 0.085% of the mortgage loan amount. Real Estate rewards are on average resale home price in GTA of $470.0K in 2012 and calculated as up to 0.6% of the home sale or purchase price.
*Sears rewards: Choose from Sears Gift Cards or Sears Club™ Points. Sears Club Points™ are awarded on your Sears Financial™ Credit Card on approved credit. Allow 6-8 weeks after final transaction for points to be awarded to your account
**Coupon value based on average consumer redemption in 2010
Services are not offered by JPMorgan Chase Bank, N.A. (the "Bank") and the Bank does not endorse and is not affiliated with these services.
Sears Financial Mortgage Referral Services are currently available in Ontario only.
†Based on average mortgage of $238K.